LPL Says Retention of NPH Reps at 70%
If it hits 72% of fees and commissions, the IBD will need to pay up to $123 million more for its acquisition.
Under Pressure, LPL Cuts Fees on Corporate RIA Platform
The news comes on the heels of more departures of reps acquired from LPL's purchase of NPH.
$2B Trilogy Group Transitions From NPH to LPL
In other news, Ameriprise recruits Wells Fargo reps with nearly $370 million in assets.
LPL Grabs Longtime Wells Fargo Exec to Be Chief Strategist
John Lynch was with Wells Fargo since 1996 and is now based in Charlotte, N.C.
Commonwealth Nabs $1.3B NPC Team
The group comes on board in New York and is led by Michael and Stuart Paris.
Is LPL’s Purchase of NPH Savvy or Reckless?
Analysts and executives discuss the pros and cons of the IBD's $325 million purchase.
Will LPL’s New NPH Reps Stay or Go?
Industry specialists debate how the move to a self-clearing firm could impact the 3,200 reps.
LPL Buys 4 NPH Broker-Dealers
The $325-million purchase price could rise, depending on how much of the National Planning Holdings advisors' revenue moves to their new parent firm.
Mercer Adds New York RIA; 2 Groups Rejoin SII Investments: Recruiting Roundup
The RIA in the Big Apple has $100 million in assets, while the California and New Jersey advisor groups have a total of $220 million.
National Planning Holdings Partners With BlackRock, American Funds to Boost Platform
The parent firm of four IBDs says it is rolling out more technology to its 3,500 affiliated reps.